asked the Minister for Finance the current foreign borrowing level of semi-State companies; the proportion this represents of total State foreign borrowing; and the comparative situation at the end of 1973, 1977, 1980 and 1983.
Written Answers. - Foreign Borrowing.
173.
The most recent available estimate of the outstanding foreign currency indebtedness of semi-State companies relates to end-September 1984. The information supplied sets out the level of foreign currency indebtedness of the semi-State companies at that point and gives the comparative figures for end-1973, 1977, 1980 and 1983. It also gives the foreign currency indebtedness of the semi-State companies as a proportion of State foreign indebtedness for the relevant years. Since the information requested can most conveniently be provided in the form of a tabular statement. I propose to circulate it in the Official Report.
|
Semi-State foreign indebtedness |
State foreign indebtedness+ |
Semi-State as % of State foreign indebtedness |
|
|
£m. |
£m. |
% |
|
|
end-1973* |
160 |
327 |
49 |
|
end-1977 |
410 |
1,449 |
28 |
|
end-1980 |
1,010 |
3,217 |
31 |
|
end-1983 |
2,032 |
9,049 |
22 |
|
end Sept. 1984 (Estimate) |
2,134 |
10,029 |
21 |
* Figures for 1973 relate to the financial year 1973-74 (i.e. as at 31 March 1974).
+ State foreign indebtedness consists of the Exchequer's foreign currency debt and the foreign currency debt of the semi-State companies. It does not include the foreign currency debt of the Intervention Agency.